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Global oil prices extended their slide on Monday weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the US.
Both Brent

Opec heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd) while volumes used by domestic refineries remained high, official data showed on Tuesday.
The world's top oil e

A rapid rise in Middle East refining capacity will create a large glut of diesel as global demand growth for the road fuel weakens, the International Energy Agency said.
In its monthly report, the IEA forecast

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

US and coalition planes pounded Islamic State positions in Syria again on Wednesday, but the strikes did not halt the fighters' advance in a Kurdish area where fleeing refugees told of villages burnt and captives beheaded.
US

An increase in new oil refining capacity and a rise in production of fuel not processed at refineries will lead to more plant closures in 2014, the International Energy Agency (IEA) said in its latest monthly report.
Crude distill

Refineries in the Middle East are under enormous pressure to cut operating costs while maximising throughput and minimising inventories, a key official of a software and services firm said.
According to AspenTech senior vice-presi

Brent crude oil fell below $109 a barrel on Monday as refineries along the US East Coast wound down operations ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.
The second-larges

Iraq is looking to gradually privatise its oil refineries and to attract investment in new plants around the country to meet the fast rising domestic demand for fuel, its deputy oil minister said on Tuesday.
Baghdad, which is boosting its